Bloom Energy (NYSE:BE) Raised to Hold at Hsbc Global Res

Hsbc Global Res upgraded shares of Bloom Energy (NYSE:BE - Free Report) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Bank of America lowered their price target on shares of Bloom Energy from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Thursday, November 7th. Susquehanna increased their target price on Bloom Energy from $13.00 to $16.00 and gave the company a "positive" rating in a research report on Tuesday, November 12th. Jefferies Financial Group downgraded Bloom Energy from a "buy" rating to a "hold" rating and lowered their price objective for the company from $15.00 to $11.00 in a research note on Friday, September 6th. UBS Group cut their target price on shares of Bloom Energy from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, Robert W. Baird decreased their price target on shares of Bloom Energy from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.08.

Bloom Energy Price Performance

BE traded up $1.57 during trading on Wednesday, hitting $25.51. 6,538,979 shares of the stock traded hands, compared to its average volume of 6,482,105. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The company has a market cap of $5.83 billion, a price-to-earnings ratio of -45.84 and a beta of 2.71. Bloom Energy has a twelve month low of $8.41 and a twelve month high of $25.75. The business has a 50 day moving average price of $11.91 and a 200 day moving average price of $12.61.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the transaction, the insider now owns 168,561 shares of the company's stock, valued at approximately $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.81% of the company's stock.

Institutional Trading of Bloom Energy

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Bloom Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,685,235 shares of the company's stock valued at $221,262,000 after buying an additional 156,434 shares in the last quarter. Electron Capital Partners LLC raised its position in Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company's stock worth $38,592,000 after purchasing an additional 1,790,733 shares during the period. JAT Capital Mgmt LP boosted its position in Bloom Energy by 50.0% during the third quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company's stock valued at $23,221,000 after buying an additional 733,363 shares during the period. DigitalBridge Group Inc. grew its stake in shares of Bloom Energy by 66.3% during the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company's stock valued at $14,203,000 after buying an additional 462,581 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its position in Bloom Energy by 48.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 869,586 shares of the company's stock worth $10,644,000 after acquiring an additional 284,298 shares during the last quarter. Institutional investors own 77.04% of the company's stock.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.